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ED Consolidated Edison

Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $48 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries: In 2015, electric revenues accounted for 70.35% of consolidated sales ; gas revenues 13.61% ; steam revenues 5.01% ; and non-utility revenues of 11.02% .

Company profile

ED stock data

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31 Dec 21
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Apr 21 Robert Muccilo Common Stock Sell Dispose S No No 75.39 0.161 12.14 8,009.079
31 Mar 21 Mulrow William J Common Stock Grant Aquire A No No 74.38 193.264 14.37K 7,332.992
31 Mar 21 Killian John F Common Stock Grant Aquire A No No 74.38 487.362 36.25K 29,983.178
31 Mar 21 Ranger Michael W Common Stock Grant Aquire A No No 74.38 605.001 45K 65,796.887
31 Mar 21 Stanley Deirdre Common Stock Grant Aquire A No No 74.38 386.529 28.75K 12,312.622

Financial report summary

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Management Discussion
  • (a)Net income for common stock from the Clean Energy Businesses for the year ended December 31, 2020 and 2019 reflects $32 million or $0.10 a share (after-tax) and $74 million or $0.22 a share (after-tax) of income attributable to the non-controlling interest of a tax equity investor in renewable electric production projects accounted for under the HLBV method of accounting. See Note R to the financial statements in Item 8. Net income for common stock from the Clean Energy Businesses also includes $(43) million or $(0.13) a share, $(21) million or $(0.07) a share and $(6) million or $(0.02) a share of net after-tax mark-to-market losses in 2020, 2019 and 2018, respectively.
  • (b)In December 2018, the Clean Energy Businesses acquired Sempra Solar Holdings, LLC. Upon completion of the acquisition, the Clean Energy Businesses recognized an after-tax gain of $89 million or $0.28 per share with respect to jointly-owned renewable energy production projects. See Note V to the financial statements in Item 8.
  • (c)Net income for common stock from Con Edison Transmission for the year ended December 31, 2020 includes $(232) million or $(0.69) a share of net after-tax impairment loss related to its investment in Mountain Valley Pipeline, LLC. See "Application of Critical Accounting Policies - Investments" in Item 7 and “Investments” in Note A to the financial statements in Item 8.
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